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Converse Bank replenishes its total regulatory capital

28.12.2016 18:46

Converse Bank replenishes its total regulatory capital

YEREVAN, December 28. /ARKA/. Converse Bank's statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold.

As a result of closed placement of the additionally issued shares, HayPost Trust Management B. V. Company purchased 7,693 common shares and became participant in the Bank's statutory capital with 14.06%.

HayPost Trust Management B. V. Company is a company of the group managed by Eduardo Eurnekian. To maintain 5% proportion of participation by Mother See of Holy Etchmiadzin in the Bank's statutory capital, the Church purchased 405 additionally issued shares.

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